Usually when measuring the retracements for potential harmonics we use the Linear Fibonacci scale but i think it might be acceptable to use the FIB tool adjusted for log scale in certain instances and this is one of them.
Pay no mind to the numbers auto generated by the Cypher tool as those numbers are only Linear scale retracements and the tool doesn't have a...
With the Development of HALO by the ZCASH team and a new listing announcement for ZEC on Binance US it looks like ZEC is having a great week. The latest TradingView Technical Analysis ideas mostly favor upwards movement but I'm curious how the latest tech advances are going to play out for ZCASH.
HALO from the ZCash dev team is a boon for the entire crypto...
We have a potential to have a dig a bit further (possibly even to $17)--this is of course dependent on what BTC does. That being said, I do not see how it is a bad area to start accumulating. Mid-caps are starting to all look better and better.
I hope you were entertained in September, because OCTOBER appears to be one of those WTF Months.
The reality is we are back in the face of continued bear, that and if true, will be in for some pain.
However, after late drop, we observe a formation of a CHANNEL and possible A-E formation with a new SUPPORT leg at these prices.
As you can see, in this juncture...
ZEC looks like it isn't over yet, with I'm guessing around an $8 bottom. I put an arrow where I believe we are in the correction (assuming the last correction ended the same way as ZEC will, wouldn't be surprised).
$15-$50-$8 targets, and then we can begin it's alt season, mid 2020.
Not financial advice.
Priceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but...
ZEC made 98 percent correction from its past bull cycle
the main question will be involved in the bull new cycle and when?
little news from the team
The project is good in that it is used by many exchangers and we can see a 20-50% movement in the coming months;
Conclusion for today’s Zcash Analysis: An upside breakout of the current pennant formation does imply continuation of bullish momentum. Upside target in this case would be the upper boundary of the bearish channel.
A logarithmic scale is used in today’s Zcash analysis on an intraday (6 Hour) timeframe. Over 3 months of price action shows a strong bearish trend in...
Conclusion for today’s Zcash Analysis: Bullish momentum in Zcash is expected to continue with the bottom of resistance (44.52) as the minimum target.
A log scale on the 6 Hour timeframe is used in today’s Zcash analysis. Inspection of intraday price action focuses primarily on data from June 2019 to current date.
The dominant chart pattern during the period...
ZEC / Z CASH
- Privacy coin
- Low circulation
- See if $43 holds as support
- Potential double bottom setup for massive breakout run
- Tight range / Squeeze
- $26 is next support if failed to breach
- I think this coin will run hard when it breaks free
Drop a comment below :)